This is SCAM project already! Do not invest there anymore!
BitRush is something new to me and may be a foretelling of the future. They do all their business in Bitcoins! Deposits, withdrawals, everything. So, unless you can think in “Bitcoin” (like thinking in a foreign language, I guess), you will be a little slow in grasping transactions going on in your account.
As you might expect, the company, BitRush, is involved with Bitcoins. Specifically, according to their website, they focus on Bitcoin trading on multiple exchanges and markets. Located in London, BitRush claims that they are “already becoming the UK’s fastest growing Bitcoin trading company.” Like all good traders in that very volatile market, their strategy is to “constantly watch the markets and trade when Bitcoin prices are low. Once we have achieved our set goals or when the market prices rise, we begin to sell off the Bitcoins at a much higher rate.”
And, of course, the more capital they have to work with, the more flexibility that have on the exchanges and the more opportunity for profit. This is where you, the investor, fit in as a source of this investment capital for them.
Right now, BitRush offers four investment plans. They all pay interest on an hourly basis and they all give you your principal back — at any time. There is a 5% penalty for this, however. But, this is a very reasonable charge — a lot more reasonable than the penalty fees of many times this that some other HYIPs charge. Following is a summary of the four plans (I’ve added a dollar amount to the minimum investment using the approximate conversion of 1BTC = $1,000 for those of us who still can’t think in Bitcoin):
Getting Started (Plan 1)
0.13% hourly (3.12% daily)
Min: 0.01 BTC ($10) Max: 1 BTC
It’s Working (Plan 2)
0.15% hourly (3.60% daily)
Min: 1.001 BTC ($1,000) Max: 5 BTC
Bitcoin Pro (Plan 3)
0.17% hourly (4.08% daily)
Min: 5.001 BTC ($5,000) Max: 10 BTC
Bitcoin Enthusiast (Plan 4)
0.21% hourly (5.04% daily)
Min: 10.001 BTC ($10,000) Max: 100 BTC
Looking over the investment plans, the first thing that hits you is that the interest rates are very high. Even the first plan, with an effective daily interest rate of 3.12%, has a very high rate. That’s nearly 22% per week. So, you could probably class all these plans as short term as you will break even very quickly on all of them, usually within a month. Here are the break even points for each plan. You get these numbers by dividing 100% by the daily interest rate.
Plan 1: 32 days
Plan 2: 28 days
Plan 3: 25 days
Plan 4: 20 days
However, since you can request your principal back at any time, you can quit the program at any time and come out ahead. The trick is always to decide WHEN to quit! If you figure that out, you will become a very rich person!
OK, let’s assume that you deposit $100 (excuse me; I’m going to work in dollars so it is easier for everyone to understand!) in Plan 1. Here’s a table indicating your total returns (Deposit + Total Interest – Penalty) assuming that you request your principal back after 10, 20, 30, 40, and 50 days:
Daily Total Total
Interest Days Interest Penalty Return
3.12% 10 $31.20 $5.00 $126.20
3.12% 20 $62.40 $5.00 $157.40
3.12% 30 $93.60 $5.00 $188.60
3.12% 40 $124.80 $5.00 $219.80
3.12% 50 $156.00 $5.00 $251.00
Looking over these investment plans, another thing that hits you is that there is a rather large jump (100 times) for the minimum investment from the first to the second plans. From the second to the third, the jump is only five times and from the third to the forth, it is a mere two times. I suspect that this will prevent a large number of investors from making the leap to the second plan. However, folks with a lot of money in their pocket might be tempted to try one of the higher yield plans. As the chart above explains, since you get your investment back (at least 95% of it), an alternative that minimizes your risk if you are one of those larger investors, is to give yourself a very strict time limit, even a day of two. In the fourth plan, for example, you are earning 5% per day. I might be happy to get a return of 10% after two days — and then stop!
For a high yield short term program such as this, another risk mitigation strategy would be to make frequent withdrawals. Your earnings are available on an hourly basis. Especially if you have a sizeable investment, it would seem to make good sense to withdraw your earnings ASAP, even on an hourly basis — for as long as you can stay awake!
Withdrawals are processed instantly. The minimum you can withdraw is 0.0001BTC, around $1. I suspect that there will be a delay before you see the funds in your account as you are dealing with the Bitcoin verification process here. And, of course, since all transactions on the website take place in Bitcoin, it is also the only means of depositing and withdrawing funds into/from the program. Good training to enable one to think in “Bitcoin.”
OK, enough about the numbers. If you are a recruiter, BitRush has a satisfactory affiliate program that pays you 5% of the deposits made by people you refer to the program. You do not need to have an active deposit in order to receive affiliate commissions. You can double this to 10% if you become a “representative.” You have to contact BitRush to see what the requirements are in order to become a rep.
If you have questions for BitRush, there is an email support address that you can use or the standard contact form. I suspect that they both go to the same place. I don’t see a live chat button. That would be a nice addition to the support options.
Well, that’s about all I have to say about BitRush. If you love Bitcoin, I think you will be attracted to this investment program! It’s in your language! But, always remember that, if you choose to make an investment here, please make it a part of a diversified investment portfolio. And, never invest more than you can afford to lose. Good Luck!
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To the Admin: We always welcome comments on our reviews — pro or con — and we will publish them in the EN blog.
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Please don’t forget that you can post your screenshots of payment, scam, or other proofs related to a program by clicking on the “Details” button in the EN monitor. Also, don’t forget that you can add your referral link when you post your proofs — another way to build your downline.
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